Europe is seeing a dramatic boost in defense budgets, driven by both long-standing pressure from Washington and the continent’s own reaction to Russia’s full-scale invasion of Ukraine. That promises a glut of military contracts for weapons-makers in Europe as well as in the U.S., South Korea and elsewhere.
Lithuania is to increase its defense spending to between 5 percent and 6 percent of its GDP from 2026, matching Trump's target.
Last week, in the world news, one of the "hottest" news was the announcement of Donald Trump, who has become the first former and newly elected U.S. president to be found guilty of criminal charges.
Lithuania plans to increase its defence spending to 5-6% of its national economic output by 2026, becoming the first NATO nation to meet this target. The move, announced by President Gitanas Nauseda,
Lithuania plans to spend an annual five to six percent of its gross domestic product (GDP) on defence from 2026 to 2030, the Baltic NATO member's president said Friday.
President-elect Donald Trump's threat to apply tariffs against Denmark over Greenland could trigger a trade conflict with Europe.
Lithuania has decided to raise its spending on defense to between 5% and 6% of overall national economic output starting in 2026 due to the threat of Russian ag
Lithuania's president says his country has made the decision to raise its spending on defense to between 5 and 6% of overall national economic output starting in 2026. The Baltic
Stéphane Séjourné said Europe needs to invest more in defense but that it would be impossible to do so amid a trade war.
The European Union is debating whether to drop a sensitive trade investigation against China over alleged coercive activity targeting Lithuania, a prospect that’s frustrated officials in Washington, where the incoming Trump team sees it as capitulation to Beijing.
VILNIUS - Lithuania's leaders will not attend US President-elect Donald Trump's inauguration next week. According to the existing US tradition, world leaders are not invited to inaugurations of US presidents. However, in December, Trump invited Chinese ...